The Latest Breaking News on Economy

Australians are spending hard, despite real wages falling. It’s a fragile situation

The GDP recovery looks strong, but it’s largely driven by households dipping into savings. Meanwhile, company profits are exploding

The Guardian - AU · Sep 7, 2022

Fed's Brainard: There's a risk of raising rates too much

No. 2 official also says falling profit margins would help with inflation

Axios · Sep 7, 2022

Pound falls to lowest level against US dollar since 1985

Warnings of recession rock sterling as investors spooked by Liz Truss’s energy bills plan

The Independent UK · Sep 7, 2022

PM warns of difficult decisions in budget

Anthony Albanese has warned of difficult decisions ahead in the federal budget, as the government looks for cost-of-living relief measures.

AAP · Sep 6, 2022

Matthew Yglesias: A debate over the deficit is just what America needs

With unemployment low, inflation high and interest rates on the rise, the time is right to bring back an old idea: bipartisan talks to reduce the federal budget deficit.

Tribune News Service · Sep 6, 2022

Don’t talk Britain into a worse economic situation, says banking boss

Britain should not talk itself into a "worse economic situation" than it is already facing, a leading banking boss insisted on Tuesday.

Evening Standard · Sep 6, 2022

Energy bill freeze would mean shallower UK recession, but borrowing fears drive up gilt yields – as it happened

Concerns that Liz Truss’s energy price freeze will drive up UK borrowing have pushed 10-year gilt yields to the highest in over a decade

The Guardian - UK · Sep 6, 2022

RBA hikes rates, says more on the way

The Reserve Bank has lifted Australia's official cash rate by 50 basis points to 2.35 per cent in the latest of a string of hikes.

AAP · Sep 6, 2022

The Standard View: As Liz Truss enters No 10, leadership is needed now like never before

Few incoming occupants of Number 10 know what the defining issue of their premiership will be before they enter office. This is an exception.

Evening Standard · Sep 5, 2022

Market Wrap: Banks around the world set to raise rates as inflation soars

All eyes will be on central banks this week as markets braces for the fallout of hefty rate-rise announcements around the globe - including Australia.

The New Daily · Sep 5, 2022